Tractor Supply Declares Quarterly Dividend of $1.10 (NASDAQ:TSCO)

Tractor Supply (NASDAQ:TSCO) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Monday, November 25th will be paid a dividend of 1.10 per share by the specialty retailer on Tuesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, November 25th.

Tractor Supply has raised its dividend by an average of 40.1% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Tractor Supply has a dividend payout ratio of 39.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tractor Supply to earn $11.01 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 40.0%.

Tractor Supply Stock Performance

Shares of Tractor Supply stock opened at $289.29 on Friday. The company has a 50 day moving average price of $283.07 and a 200 day moving average price of $274.63. The firm has a market capitalization of $31.21 billion, a P/E ratio of 28.14, a PEG ratio of 3.62 and a beta of 0.82. The company has a quick ratio of 0.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.81. Tractor Supply has a 52 week low of $193.60 and a 52 week high of $307.64.

Insider Transactions at Tractor Supply

In other Tractor Supply news, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $295.64, for a total value of $6,957,000.48. Following the sale, the chief financial officer now directly owns 9,683 shares of the company’s stock, valued at approximately $2,862,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Matthew L. Rubin sold 540 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $262.35, for a total transaction of $141,669.00. Following the completion of the transaction, the senior vice president now owns 5,170 shares in the company, valued at $1,356,349.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kurt D. Barton sold 23,532 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $295.64, for a total transaction of $6,957,000.48. Following the completion of the transaction, the chief financial officer now directly owns 9,683 shares in the company, valued at $2,862,682.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

TSCO has been the subject of a number of research analyst reports. Piper Sandler raised their price target on shares of Tractor Supply from $300.00 to $332.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Company raised their target price on Tractor Supply from $295.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Raymond James lifted their price target on Tractor Supply from $285.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Melius Research initiated coverage on Tractor Supply in a report on Monday, September 23rd. They issued a “buy” rating and a $315.00 price objective on the stock. Finally, Wedbush restated a “neutral” rating and issued a $270.00 price objective on shares of Tractor Supply in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $282.82.

Tractor Supply Company Profile

Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers various merchandise, including livestock and equine feed and equipment, poultry, fencing, and sprayers and chemicals; food, treats, and equipment for dogs, cats, and other small animals, as well as dog wellness products; seasonal and recreation products comprising tractors and riders, lawn and garden, bird feeding, power equipment, and other recreational products; truck, tool, and hardware products, such as truck accessories, trailers, generators, lubricants, batteries, and hardware and tools; and clothing, gift, and décor products consist of clothing, footwear, toys, snacks, and decorative merchandise.